Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

UK equity income sees record inflows as search for income intensifies

UK equity income sees record inflows as search for income intensifies

UK equity income funds enjoyed record net sales of £500 million last month as the quest for yield shows no signs of abating.

Net fund sales overall reached £2.9 billion, the highest in four years. Within that, equity was the best selling asset class, bringing in £1.4 billion. By contrast, fixed income net sales were just £270 million, below property and mixed asset inflows.

'Fund sales were just shy of the £3 billion mark in April with £1.3 billion coming from investors making the most of their tax-free ISA allowances by rushing to meet the end of tax year deadline or topping up at the start of the new one,'  Daniel Godfrey (pictured), IMA chief executive, said

'The IMA UK Equity Income Sector was the best-selling sector for both ISAs and funds overall. However investors also channelled money into mixed asset and property funds – property in particular has been seeing consistent growth in sales over the last year.'

Total UK investment funds reached £788 billion with UK equity funds the biggest winners, becoming the best selling region for the sixth month in a row, followed by Global and European equity funds. ISAs saw net retail sales of £1.3 billion.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter